P&f Industries, Inc. 401(k) Plan: Login, Facts & Contact Information

P&f Industries, Inc. 401(k) Plan Facts

Plan name
P&F INDUSTRIES, INC. RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
P&F INDUSTRIES, INC.
Participants
204 (169 active employees)
Former employees with a balance
58
Plan assets
$15,566,824 at Dec 31, 2022
Average account balance
$71,737 across 217 accounts
Employer contributions
$260,847 in plan year 2022 (23% of all contributions)
Recordkeeper
Oneamerica Retirement Services, Llc
Plan year
Jan 1, 2022 – Dec 31, 2022
Plan established
Jan 1, 1990
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2022 (Jan 1, 2022 – Dec 31, 2022), filed Oct 5, 2023. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $1.14 million went into the plan in contributions, $260,847 of it from the employer (23%).
  • $2.17 million was paid out to participants.
  • Administrative expenses were $75,830, about $349 per account.

How the P&f Industries, Inc. 401(k) changed, 2017–2022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2017143$14.7 million$353,125$1.88 million
2018193$14.1 million$381,452$1.22 million
2019210$17.1 million$438,140$639,773
2020239$18.3 million$246,605$2.06 million
2021200$19.6 million$230,983$1.73 million
2022204$15.6 million$260,847$2.17 million

P&f Industries, Inc. 401(k) Contact Information

Phone
631-773-4205
Mailing address
445 BROADHOLLOW ROAD SUITE 100, MELVILLE NY 11747
Plan sponsor
P&F INDUSTRIES, INC.
Employer identification number (EIN)
22-1657413
Plan number
002

Questions about the P&f Industries, Inc. 401(k)

Does P&f Industries, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $260,847, 23% of all contributions.

Does the P&f Industries, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the P&f Industries, Inc 401(k) plan?

204 participants at the start of plan year 2022, 169 of them active employees, and 58 former employees who still had money in the plan.

What is the average 401(k) balance at P&f Industries, Inc?

About $71,737 per account: $15.6 million in plan assets across 217 accounts with a balance at the end of plan year 2022.

Who manages the P&f Industries, Inc 401(k) accounts?

OneAmerica Financial (listed on the filing as ONEAMERICA RETIREMENT SERVICES, LLC) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at P&f Industries, Inc. How do I access my 401(k)?

Your account stays with OneAmerica Financial after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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